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Pair win M&G Ascot competition

M&G recently offered readers the chance to win an exclusive day out at Royal Ascot races to mark the 75th year since M&G launched the UK’s first unit trust. Melvin Pye of Smith & Pinching Financial Services and Mark Rowe-Ham from Brewin Dolphin Securities each win a pair of tickets to spend the day in the Bessborough restaurant and a night in a top hotel in June.

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B&B returns to tied model

Bradford & Bingley is returning to a tied model as it rejects its mortgage panel of 18 lenders.The bank will sell only its own brand products and will close down its mortgage broking service as it focuses on buy-to-let, self-cert and lifetime mortgages. It says all pipeline business will be administered by B&B to completion […]

This week in Protection

An increase to the retirement age by three years could put even greater pressure on employee benefit schemes and force insurers’ hands when it comes to determining policy details of group risk schemes, according to UnumProvident.

A tight turn

Millfield’s disclosure that its talks with a buyer have fallen through and that it has now brought in turn-round consultants poses the questions of why did the deal fail and can the consultants revive the business?

Cazalet claims that life firms are recycling cash

The FSA must wake up to the fact that current industry reporting requirements are not based in reality, according to independent consultant Ned Cazalet. Cazalet warned the IEA annual conference last week that product providers are not disclosing real profits as their new business numbers in life and pensions are based on money being recycled […]

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